Milano Assicurazioni S.p.A.: the Board of Directors approves the FY2003 accounts
Friday, March 26, 2004
- Merger with Nuova Maa a success.
- Premiums written reach Euro 2,938 m. +5.8% on the 2002 proforma figures.
- Parent company net profit reaches Euro 157.2 m. (Euro 36.2 m. in 2002).
- Technical trend still at excellent levels.
- Dividend per share quadruples.
The Board of Directors of Milano Assicurazioni met today, chaired by Fausto Marchionni and examined and approved the draft FY2003 accounts (the first set after the merger with Nuova Maa Assicurazioni). The 2003 figures show a net profit of Euro 157.2 m. (Euro 36.2 m. in 2002) and include write-downs on listed stocks for Euro 207.1 m., thus confirming the achievement of the growth targets set out in the Group’s Industrial Plan.
All figures are shown in comparison with the corresponding 2002 proforma figures.
Please read the pdf content.